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In Memory of Rajat Deb: Inspiring Man of Ideas and Remarkable Silicon Valley Archetype

By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.

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DOE Closes $1.9 Billion Loan to Restart Duane Arnold Nuclear Plant in Iowa

LCG, September 9, 2026--The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) yesterday announced the financial close of a loan of up to $1.9 billion to NextEra Energy to support the finance of the restart of Iowa's only nuclear power plant, the Duane Arnold Energy Center. EDF has now financed three, carbon-free nuclear plant restarts and completed four concurrent conditional commitments and financial closings under the current Administration. This latest investment, along with the others, advance the Administration's energy dominance agenda and Executive Order, Reinvigorating the Nuclear Industrial Base.

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Industry News

NRG Energy Buys PowerGen's Hungarian Assets

LCG, July 2, 2001--NRG Energy Inc. of the U.S. said yesterday that it has entered the Hungarian energy market with its purchase from PowerGen Plc of the UK of two power plants located on Csepel Island in Budapest.

Csepel I is a 116 megawatt thermal plant and Csepel II is a 389 megawatt gas turbine power generating station. Csepel II reached commercial operation in November of last year and is the primary facility, the company said.

"NRG made this investment in the Hungarian market because it is strong and it is strategically located in our Central Europe core market region," said Steven H. Wolf, NRG's vice president and managing director for Central and Eastern Europe.

Wolf praised the operation for "its skilled workforce, commercial soundness, and its advanced emission reduction technology."

NRG has also acquired PowerGen's interest in two German energy businesses, Mibrag and Saale Energie GmBH. With its acquisition of PowerGen's interest in Saale Energie, NRG increased its ownership of the Schkopau power station from 200 to 400 megawatts megawatts.

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